The Bankers Investment Trust (LON:BNKR) Share Price Passes Below 200 Day Moving Average – Here’s Why

The Bankers Investment Trust PLC (LON:BNKR)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 112.65 ($1.51) and traded as low as GBX 111.28 ($1.49). The Bankers Investment Trust shares last traded at GBX 112.12 ($1.50), with a volume of 2,069,570 shares.

The Bankers Investment Trust Trading Up 0.7 %

The company has a debt-to-equity ratio of 8.54, a current ratio of 5.41 and a quick ratio of 8.27. The business’s 50 day simple moving average is GBX 111.95 and its 200 day simple moving average is GBX 112.66. The stock has a market cap of £1.30 billion, a P/E ratio of 2,256.00 and a beta of 0.60.

The Bankers Investment Trust Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, October 24th will be given a dividend of GBX 0.67 ($0.01) per share. The ex-dividend date is Thursday, October 24th. This represents a dividend yield of 0.61%. The Bankers Investment Trust’s dividend payout ratio (DPR) is presently 6,000.00%.

Insider Activity at The Bankers Investment Trust

In related news, insider Hannah Philp acquired 10,000 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was purchased at an average cost of GBX 112 ($1.50) per share, for a total transaction of £11,200 ($14,981.27). In other news, insider Hannah Philp acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were purchased at an average cost of GBX 112 ($1.50) per share, with a total value of £11,200 ($14,981.27). Also, insider Richard West acquired 50,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were purchased at an average cost of GBX 110 ($1.47) per share, with a total value of £55,000 ($73,568.75). 3.24% of the stock is owned by insiders.

About The Bankers Investment Trust

The Bankers Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.